Greenwich council right to fine letting agent £12,500 for not protecting clients' money says judge

Cropped Shot Of Female Judge Holding Wooden Hammer 2021 09 02 03 26 29 Utc

A letting agent fined by Greenwich council for falsely claiming to belong to a client money protection scheme (CMP) was correctly fined £12,500 by the council according to a judge who said that the fine was "fair and proportionate". The tribunal hearing was held after the agent appealed against both the amount of the fine and its imposition in the first place.

Letting agents have been legally obliged to sign up to CMP schemes since 2019 but this agent did not sign up until 2021 despite stating on their website prior to signing up that they were a member of such a scheme and despite being repeatedly warned about their behaviour by the council.

In the judge's opinion the agent's practices amounted to failures so "negligent as to be tantamount to deliberate."

Cllr. Anne-Marie Cousins, cabinet member for community safety and enforcement, said "The money protection scheme is there for a reason. It protects both renters and landlords so it's simply unacceptable that renters' security deposits could be put at risk through no fault of their own."

Contact Request

Fields marked* are required